ERN: Consumption最新文献_第10页

Positional Preferences: Efficiency and Distortions Under Welfarist- and Paternalistic Governments 位置偏好:福利主义和家长式政府下的效率和扭曲

ERN: Consumption Pub Date : 2017-03-22 DOI: 10.2139/ssrn.2939381

Sugata Ghosh, R. Wendner

引用次数: 0

Consumer (Mis)Behavior and Public Policy Intervention 消费者(错误)行为与公共政策干预

ERN: Consumption Pub Date : 2017-02-13 DOI: 10.4337/9781784716752.00038

K. Wertenbroch

{"title":"Consumer (Mis)Behavior and Public Policy Intervention","authors":"K. Wertenbroch","doi":"10.4337/9781784716752.00038","DOIUrl":"https://doi.org/10.4337/9781784716752.00038","url":null,"abstract":"Consumers often “misbehave” (Thaler 2015). They save and exercise too little; they spend, eat, and drink too much and take on too much debt; they work too hard (or too little); they smoke, take drugs (but not their prescription medicine), have unprotected sex, and carelessly expose their private lives on social media. These misbehaviors may entail large costs not only to society but also to the individuals concerned. Hence, policy makers feel compelled to regulate these behaviors along with the extent, to which companies are allowed to cater to, or take advantage of, consumer preferences to engage in these behaviors. Yet, such policy interventions are often not based on the revealed preferences of those consumers who are mostly directly concerned by these interventions. Instead, they often follow expert assessments of consumer welfare or the objective to minimize negative externalities. I propose an alternative approach, building on Wertenbroch (1998), for how the theory-guided use of experimental methods, complemented by field data, to detect instances of consumer precommitment in the marketpace can provide both a criterion for evaluating the need for policy intervention — based on consumers’ own revealed preferences — and a tool for allowing consumers to avoid or limit their own misbehaviors without imposing heavy-handed, intrusive constraints on market participants’ freedom of choice (Thaler and Sunstein 2003).","PeriodicalId":431230,"journal":{"name":"ERN: Consumption","volume":"143 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133387910","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

가계부채가 소비와 경제성장에 미치는 영향 - 유량효과와 저량효과 분석 - (The Effects of Household Debt on Consumption and Economic Growth) 家庭负债对消费和经济增长的影响——流量效应与低流量效应分析(The Effects of Household Debt on Consumption and Economic Growth)

ERN: Consumption Pub Date : 2017-01-16 DOI: 10.2139/SSRN.2901797

Jong Ku Kang

{"title":"가계부채가 소비와 경제성장에 미치는 영향 - 유량효과와 저량효과 분석 - (The Effects of Household Debt on Consumption and Economic Growth)","authors":"Jong Ku Kang","doi":"10.2139/SSRN.2901797","DOIUrl":"https://doi.org/10.2139/SSRN.2901797","url":null,"abstract":"Korean Abstract : 가계부채의 영향에 관해 가계부채 증가가 소비 촉진 등을 통해 경기 활성화에 기여한다는 시각과 높은 가계부채 수준은 소비와 경제성장에 부담을 주며 나아가 금융시스템의 취약성을 높인다는 시각의 두 가지 관점이 존재하고 있다. 이에 따라 가계부채의 영향에 관해 체계적으로 논의하고 이를 바탕으로 실증분석을 수행할 필요성이 있다고 하겠다. 본고는 가계부채가 증가하는 과정에서 발생하는 유량효과(flow effect)와 가계부채 누적에 따른 저량효과(stock effect) 측면에서 가계부채의 영향을 이론적으로 논의한 다음, 우리나라와 주요 선진국 자료를 활용하여 실증분석을 수행하였다.GMM을 통해 실증분석을 수행한 결과, 가계부채의 유량효과는 소비와 경제성장을 촉진하나, 저량효과는 이를 저해하는 것으로 나타났다. 유량효과와 저량효과별로 가계부채가 우리나라 소비와 경제성장 변동에 기여한 정도를 추정해 보면 2000년대 이후 긍정적인(양의) 유량효과 기여분이 줄어들고 있는 반면, 부정적인(음의) 저량효과 기여분은 확대되는 추세에 있다.한편, 긍정적 유량효과 계수 값은 글로벌 금융위기 이후 하락한 것으로 나타났으며, 이는 부동산구입 목적의 차입 증가 등으로 인해 순수소비 목적의 대출 비중이 줄어들면서 발생한 것으로 보인다. 부정적 저량효과 계수 값의 경우 글로벌 금융위기 이후 가계대출금리의 하락으로 기존 차주의 상환부담이 완화되면서 축소된 것으로 분석된다.유량효과와 저량효과를 종합하여 분석한 결과는 가계부채의 증가가 단기적으로 경기활성화에 도움을 주지만 가계부채 누적으로 인한 저량효과로 인해 경제성장에 부담을 줄 가능성이 높음을 시사한다. 이러한 점을 감안할 때 가계부채 증가세를 억제해 나가는 동시에 긍정적인 유량효과를 증대시키고 부정적인 저량효과를 완화하기 위한 방안을 모색할 필요가 있다.English Abstract : This paper discusses the effects of household debt in the aspects of ‘flow effect’ arising in the course of changes in household debt size and ‘stock effect’ occuring due to the level of household loans, and then, empirically analyzes the effects using the Korean time series data and the OECD panel data.The result of empirical estimation with GMM reveals that the flow effect of household debt facilitates consumption and economic growth while the stock effect hinders them. It is also found that the contribution of the flow effect on raising consumption and economic growth has decreased since 2000, however the contribution of the stock effect on impeding consumption and economic growth has expanded.The coefficients of flow effect and stock effect may change over time. Since the global financial crisis, the coefficient of flow effect has been scaled down, mainly because of the expansion of household mortgage loans that brought about a reduction in the share of household borrowing for consumption. The coefficient of stock effect has also decreased in size as the burden of household loan repayment was mitigated due to a fall in interest rates on household loans.","PeriodicalId":431230,"journal":{"name":"ERN: Consumption","volume":"80 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125967160","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Why is the Long-Run Tax on Capital Income Zero? Explaining the Chamley-Judd Result 为什么资本收入的长期税收为零?解释Chamley-Judd结果

ERN: Consumption Pub Date : 2017-01-12 DOI: 10.2139/ssrn.2903830

B. Jacobs, A. Rusu

引用次数: 6

The Moderating Effect of Consumer Dynamics and Prior Experience on Brand Extension Evaluation 消费者动力与先前经验对品牌延伸评价的调节作用

ERN: Consumption Pub Date : 2016-12-21 DOI: 10.16980/JITC.12.6.201612.89

Ji-yeon Park, Y. Jeong

{"title":"The Moderating Effect of Consumer Dynamics and Prior Experience on Brand Extension Evaluation","authors":"Ji-yeon Park, Y. Jeong","doi":"10.16980/JITC.12.6.201612.89","DOIUrl":"https://doi.org/10.16980/JITC.12.6.201612.89","url":null,"abstract":"Most brand extension literature usually focus on consumers’ evaluations of brand extensions from the perspective of the parent brand or the extensions product characteristics, or the interaction of the parent brand and the extensions. However, little brand extension research, as well as even consumer behavior research attempts to find the critical determinants as characteristics on the newly emerging consumers’ behavior. Therefore, this research aims at examining on the distinctive consumers’ traits of today as a moderator in the brand extension evaluation. More specifically, we investigate whether consumer dynamics (CD), named on the basis of two concepts, that is, innovativeness and variety seeking, and prior experience (PE) may moderate the relation of the attitude toward the parent brand (PBA) and the attitudes toward the extensions (EBA). The results show that the impact of PBA on EBA is greater when CD and PE, respectively, is high than when CD and PE is relatively low. Moreover, the sign of the interaction is negative, indicating the decreasing effect of PBA in high CD and PE situation, respectively. The research findings suggest many implications for marketers and researchers. Limitations and future research ideas are also discussed.","PeriodicalId":431230,"journal":{"name":"ERN: Consumption","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134089525","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Euler Equation: Estimation on Emerging Markets Data 欧拉方程:新兴市场数据的估计

ERN: Consumption Pub Date : 2016-12-10 DOI: 10.2139/ssrn.2883474

I. Khvostova, A. Larin, A. Novak

引用次数: 0

Dual Effect of Money Priming 货币启动的双重效应

ERN: Consumption Pub Date : 2016-12-09 DOI: 10.2139/ssrn.2883050

H. Kim

引用次数: 0

The Savings Motives: With Special Reference to Households in Kalutara District 储蓄动机:以卡鲁塔拉地区家庭为例

ERN: Consumption Pub Date : 2016-12-08 DOI: 10.2139/ssrn.2910297

P. Kumarasinghe, S. Munasinghe

{"title":"The Savings Motives: With Special Reference to Households in Kalutara District","authors":"P. Kumarasinghe, S. Munasinghe","doi":"10.2139/ssrn.2910297","DOIUrl":"https://doi.org/10.2139/ssrn.2910297","url":null,"abstract":"Abstract The household saving is a decision which is taken by the people to postpone their consumption of current income. Savings can be considered as one of the crucial tools which households utilized to accomplish their financial expectations in order to improve their financial wellbeing. There are many ways of accumulating or investing money, which can be identified as the deposits in bank accounts or building society accounts to saving in pensions, save in credit unions, invest in the stock market and many other saving sources. This study is an inspection of saving motives of Sri Lankan household in present economic situation. Briefly it can be explained, the harvest of the research will provid the answer to the question of what is the most significantly affected saving motive which stimulate/ encourage people to save money? And it will be further declared how do these saving motives vary when household characteristics differ? As a conclusion it can be stated that this study is seeking answers for why do people save money in a broader sense (Research Problem). And the answer for, of what is the most significantly affected saving motive to stimulate people, for savings? The main purpose of this paper is to examine the most significant savings motive among households in Kalutara District. Data were collected through questionnaires by using hundred respondents. The factor analysis is explored to examine, what is the most significant savings motive among pre-determined savings motives of bequest, precautionary and life cycle using SPSS 17. It has been identified the most significant savings motive of households in Kalutara district is the precautionary savings motive Keywords: Savings Behavior, Savings Motives, Factor Analysis","PeriodicalId":431230,"journal":{"name":"ERN: Consumption","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133885208","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Efficiency of Endowments 禀赋效率

ERN: Consumption Pub Date : 2016-11-10 DOI: 10.2139/ssrn.2867693

K. Rotthoff

引用次数: 0

Extreme Happiness: Some Explorations Using Taking Part Survey Data 极端幸福:利用参与调查数据的一些探索

ERN: Consumption Pub Date : 2016-11-10 DOI: 10.2139/ssrn.2867560

S. Cameron

引用次数: 0